What's the best stablecoin right now?

[Deleted member 1258334]

I see a lot of people saying BTC will take months to recover from this crash and I can't afford to wait until the price comes back up to be able to spend it again, so I decided to put my money in a stablecoin for now. I'm not a trader, so I don't know a lot about altcoins. Which one would you say is the most reliable?

 

[LuckyGamble]

US dollars in bills. It will continue to be the same number of dollars even if each dollar's value decreases xd

 

[slippery_slider]

XRP

 

[moonshine7000]

Tether and BUSD is pegged to the USD

 

[Deleted member 1258334]

XRP

That's not even a stablecoin, but thanks for the suggestion.

 

[moonshine7000]

That's not even a stablecoin, but thanks for the suggestion.

XRP is Garbage I won't touch that coin with a 6 foot pole

 

[slippery_slider]

Tether and BUSD is pegged to the USD

bitfinex is a shell company printing USDT out of thin air. BUSD is pax with binance logo.

USDC is the only sane option.

 

[moonshine7000]

bitfinex is a shell company printing USDT out of thin air. BUSD is pax with binance logo.

USDC is the only sane option.

Tether is supposed to be backed by loans to keep the price stable.I think the Government will soon have that company under investigation.

 

[Yoram]

They're all shit I always thought USDT was safe then it went to 1.40
Best bet is to buy 2nd hand dildo's and wait till onlyfans turns into a craigslist replica

 

[ItsMeFox]

USDT, USDC and BUSD

 

[Deleted member 1258334]

So just to be clear, putting all my money in an altcoin and buying the dip once BTC's price goes lower IS a good call, right?

 

[bartosimpsonio]

this crash

What crash? Bitcoin is up like 7zeroes since a few years back. It's only a crash if you bought it in the past few months or so IMO

 

[Scorpion Ghost]

What crash? Bitcoin is up like 7zeroes since a few years back. It's only a crash if you bought it in the past few months or so IMO

Actually thats totally true.

I remember itching to buy BTC about 2 years ago. It was like $3.000 or something lol

 

[xReminisce]

BUSD for me

 

[Scorpion Ghost]

BUSD for me

The bus for you

 

[Deleted member 1258334]

What crash? Bitcoin is up like 7zeroes since a few years back. It's only a crash if you bought it in the past few months or so IMO

I'm not an investor, I just get paid in crypto and use it to buy stuff online or withdraw it to my bank account.

 

[bartosimpsonio]

I'm not an investor, I just get paid in crypto and use it to buy stuff online or withdraw it to my bank account.

That's a common scenario as far as I know. Yeah there are issues with Bitcoin as a payment method because of their instability. But it's manageable if you do your hedging right IMO.

 

[Deleted member 1258334]

That's a common scenario as far as I know. Yeah there are issues with Bitcoin as a payment method because of their instability. But it's manageable if you do your hedging right IMO.

My main problem right now is that I need to have crypto available to cover my business expenses, but with the market collapsing I need to make a decision - do I take a 30% loss right now and put my money in a stablecoin to buy the dip once BTC drops more, or do I HODL hoping that it doesn't go significantly lower?

 

[GGAds]

Busd. Many platforms accept it.

 

[paisawaisa]

XRP

That coin is not showing good movement. It is not a good coin for gains in short time Or even long time.